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The Hershey Co (FRA:HSY) Shiller PE Ratio : 32.33 (As of May. 02, 2024)


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What is The Hershey Co Shiller PE Ratio?

As of today (2024-05-02), The Hershey Co's current share price is €180.40. The Hershey Co's E10 for the quarter that ended in Dec. 2023 was €5.58. The Hershey Co's Shiller PE Ratio for today is 32.33.

The historical rank and industry rank for The Hershey Co's Shiller PE Ratio or its related term are showing as below:

FRA:HSY' s Shiller PE Ratio Range Over the Past 10 Years
Min: 28.46   Med: 37.91   Max: 46.82
Current: 30.95

During the past years, The Hershey Co's highest Shiller PE Ratio was 46.82. The lowest was 28.46. And the median was 37.91.

FRA:HSY's Shiller PE Ratio is ranked worse than
73.14% of 1076 companies
in the Consumer Packaged Goods industry
Industry Median: 18.94 vs FRA:HSY: 30.95

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

The Hershey Co's adjusted earnings per share data for the three months ended in Dec. 2023 was €1.559. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €5.58 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Hershey Co Shiller PE Ratio Historical Data

The historical data trend for The Hershey Co's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Hershey Co Shiller PE Ratio Chart

The Hershey Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.68 36.24 39.54 41.06 29.76

The Hershey Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.06 43.24 41.25 32.15 29.76

Competitive Comparison of The Hershey Co's Shiller PE Ratio

For the Confectioners subindustry, The Hershey Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Hershey Co's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where The Hershey Co's Shiller PE Ratio falls into.



The Hershey Co Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

The Hershey Co's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=180.40/5.58
=32.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Hershey Co's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, The Hershey Co's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.559/129.4194*129.4194
=1.559

Current CPI (Dec. 2023) = 129.4194.

The Hershey Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.803 99.695 1.042
201406 0.552 100.560 0.710
201409 0.776 100.428 1.000
201412 0.689 99.070 0.900
201503 1.016 99.621 1.320
201506 -0.419 100.684 -0.539
201509 0.624 100.392 0.804
201512 0.900 99.792 1.167
201603 0.952 100.470 1.226
201606 0.605 101.688 0.770
201609 0.944 101.861 1.199
201612 0.521 101.863 0.662
201703 0.542 102.862 0.682
201706 0.846 103.349 1.059
201709 1.074 104.136 1.335
201712 0.718 104.011 0.893
201803 1.338 105.290 1.645
201806 0.924 106.317 1.125
201809 1.071 106.507 1.301
201812 1.406 105.998 1.717
201903 1.283 107.251 1.548
201906 1.310 108.070 1.569
201909 1.398 108.329 1.670
201912 0.882 108.420 1.053
202003 1.167 108.902 1.387
202006 1.146 108.767 1.364
202009 1.817 109.815 2.141
202012 1.143 109.897 1.346
202103 1.596 111.754 1.848
202106 1.204 114.631 1.359
202109 1.819 115.734 2.034
202112 1.434 117.630 1.578
202203 2.334 121.301 2.490
202206 1.447 125.017 1.498
202209 1.959 125.227 2.025
202212 1.812 125.222 1.873
202303 2.662 127.348 2.705
202306 1.828 128.729 1.838
202309 2.361 129.860 2.353
202312 1.559 129.419 1.559

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


The Hershey Co  (FRA:HSY) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


The Hershey Co Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of The Hershey Co's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


The Hershey Co (FRA:HSY) Business Description

Address
19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.